Tuesday, May 5, 2015

Morning Charts 05/05/2015 SPX /es

Happy Cinco de Mayo! Boy I miss the days when this was a must go out and party night. 

One word - Greece. Now many other words could be in play (and are), but right now Greece needs to be the focus.

Very quiet now. Feds should (and have) take advantage of any luls in the news or event cycle.

On to the lie - 

Volume? We don't need no stinkin volume! Yesterday was a great example of the farce this market has become. If there were any surprise from yeaterday it was that the market did not go up even more. 

SPX Daily - Very dangerous spot for SPX. They know it, you know it, so it must be defended. How long can they defend it is the question. This chart is pointing to a top. It is tired. It is technically ready. It is overbought. It is complete BS, so who knows what will happen and when.

Freedom watch - 

The TPP, you better pay attention to this disaster. Remember the last thing you could not read until you pass it? Well, here we go again - Extreme secrecy eroding support for Obama's trade pact

"If you want to hear the details of the Trans-Pacific Partnership trade deal the Obama administration is hoping to pass, you’ve got to be a member of Congress, and you’ve got to go to classified briefings and leave your staff and cellphone at the door.

If you’re a member who wants to read the text, you’ve got to go to a room in the basement of the Capitol Visitor Center and be handed it one section at a time, watched over as you read, and forced to hand over any notes you make before leaving."

I suggest that you see this site for more on just how scary the TPP is. 

And as for STB's theory that UFO disclosure will come sooner than later and could coincide with the crash/takeover - See this - 

UFO San Diego 2015 - One Of The Best Ever

 More to come below. 

Have a good day. 

GL and GB!

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